Stifel Financial Corp Has $520,000 Position in Mama’s Creations, Inc. (NASDAQ:MAMA)

Stifel Financial Corp trimmed its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,281 shares of the company’s stock after selling 18,875 shares during the period. Stifel Financial Corp owned about 0.19% of Mama’s Creations worth $520,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Trail Ridge Investment Advisors LLC raised its holdings in Mama’s Creations by 2.5% during the third quarter. Trail Ridge Investment Advisors LLC now owns 69,267 shares of the company’s stock worth $526,000 after acquiring an additional 1,715 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Mama’s Creations by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 55,878 shares of the company’s stock worth $377,000 after purchasing an additional 1,762 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Mama’s Creations by 0.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 383,164 shares of the company’s stock valued at $2,797,000 after buying an additional 3,072 shares during the last quarter. PEAK6 Investments LLC grew its stake in shares of Mama’s Creations by 28.1% in the third quarter. PEAK6 Investments LLC now owns 18,812 shares of the company’s stock valued at $137,000 after buying an additional 4,127 shares in the last quarter. Finally, Planning Capital Management Corp acquired a new position in Mama’s Creations during the third quarter worth $36,000. Institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

Shares of MAMA stock opened at $7.90 on Friday. Mama’s Creations, Inc. has a 52 week low of $4.17 and a 52 week high of $9.98. The company has a market capitalization of $296.94 million, a price-to-earnings ratio of 60.77 and a beta of 1.10. The company has a 50-day simple moving average of $8.39 and a 200 day simple moving average of $7.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, December 16th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period last year, the company posted $0.05 earnings per share. On average, sell-side analysts predict that Mama’s Creations, Inc. will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MAMA. Roth Mkm reiterated a “buy” rating and issued a $11.00 price target (up previously from $10.00) on shares of Mama’s Creations in a research note on Tuesday, December 17th. Craig Hallum raised their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Lake Street Capital upped their price objective on Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.67.

About Mama’s Creations

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.